Forex trading

Trade the world's largest financial market with spreads from as low as 0 pips*
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Industry leading forex spreads

Symbol Description Min Spread
EURUSD Euro vs US Dollar 0
GBPUSD Great Britain Pound vs US Dollar 0
USDJPY US Dollar vs Japanese Yen 0
AUDUSD Australian Dollar vs US Dollar 0
USDCAD US Dollar vs Canadian Dollar 0.10
USDCHF US Dollar vs Swiss Franc 0
EURGBP Euro vs Great Britain Pound 0.20

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ECN-thin spreads starting from 0 with a ECN account

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Segregated fund accounts to ensure the safety of customer funds.

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Leaders in mobile trading with our proprietary MetaTrader 4® platform

Start trading EUR/USD today from as low as 0 pips.*

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How forex trading works

In forex, currencies are quoted in pairs. Let's take the most popular currency pair as an example, EUR/USD. The first currency (Euro in this case) is called the base currency and the second (USD) is called the quote currency. When you trade a pair you are speculating on whether the base currency (EUR) will strengthen or weaken against the quote currency (USD).

Forex prices are typically quoted to five decimal places. The most important decimal point to keep an eye on is the fourth, also known as pip. It is the number of pips we use to calculate the profit and loss.

Forex positions are traded in specific amounts called lots, which equals to 100,000 units of the base currency. It is also possible to trade in smaller amounts - mini, micro and nano lots sizes, corresponding to 10,000, 1,000 and 100 units respectively.

What influences forex prices?

There are three key factors that impact the prices in the forex market.

1.Financial news

Economic reports have a big effect on currencies. For that reason, the Economic Calendar is the trader's best friend. It includes all scheduled news events and data releases, graded by importance.

2.Political instability

Currencies are sensitive to political uncertainty caused by events such as elections, referendums and political scandals.

3.Natural disasters

Acts of God, such as tsunamis, earthquakes and hurricanes, can cause significant price volatility in the currency associated with that region.

Who trades forex?

Apart from banks, financial companies and professional traders, anybody with an interest to capitalize on daily market moves can access currency trading. Forex is often described as a decentralised global market. What that means is that there is no physical location where traders meet to buy or sell.

In such a market, it is technology that makes it possible for traders all over the world to deal directly with each other. Put simply, forex is a market without middlemen. All you need to participate in this fascinating and fast paced market too is a trading account with a reliable broker.

Advantages of forex trading

Forex trading has evolved into one of the most popular markets to trade. Here are the three key reasons why so many traders choose it.

1.Available 24 hours

From Sunday to Friday evening, the forex market is available for trading around the clock. This makes it ideal for traders who can only trade the markets on a part-time basis.

2.Leverage

When trading forex online, you can control positions much larger than your capital by using leverage. This can lead both to larger gains and losses, which makes risk management a key part of every forex trading strategy. At Spring Gold, you can choose to trade currencies with leverage up to 500:1.

3.Low starting capital

Unlike trading on an exchange where the contract sizes are predetermined, when trading forex online, you get to decide the size of your positions. This allows traders to start with the capital they feel comfortable with. At Spring Gold, you can start participating in the fascinating currency markets with no minimum deposit requirement for a Standard account and just £500 for a ThinkZero account.

*All spreads are generated from data between 01/11/2023 and 30/11/2023

^Other fees and charges apply.。

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Spring Gold Market Limited registration number is 18098514. The opearation address is Suite 5, Level 23, 25 Martin Place, Sydney NSW 2000, Australia. Registered address is RM 1517, 15F Amiata Industrial Building, 58 Lei Muk Road, Kwai Chung, Hong Kong. Disclaimer: The information on this official website is not applicable to residents or customers of the Company from the United States, Singapore, Hong Kong, North Korea and Iran. The use of the information in the above regions for transactions or by anyone in these countries or jurisdictions will violate local laws and regulations.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

You don't own or have rights in the underlying assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your or your client's personal objectives, financial circumstances, or needs. Please read our RDN and other legal documents and ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice.

The information on this site and the products and services offered are not intended for distribution to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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